Audi’s A3 Sportback and A3 Sedan head into 2025 with a sportier look, refreshed design elements and a rationalised range to make purchasing an A3 even more convenient and straightforward. In addition, the standard equipment tally has been expanded, new materials have been applied for increased comfort, and a highly-specified and eye-catchingly designed Black Edition...
Author: Staff Reporter (Staff Reporter )
Bank Windhoek reveals refreshed corporate identity
To kick off the New Year, Bank Windhoek announced the launch of its refreshed corporate identity on Monday, 20 January. The bank has described the move as a bold step forward, reflecting its brand’s evolution and commitment to staying relevant in an ever-changing financial landscape. The new identity, which came into effect this month, introduces...
DBN achieves 86% peer-reviewed rating
The Development Bank of Namibia (DBN) achieved an 86% compliance index (BB rating) for 2024, as awarded by the Association of African Development Finance Institutions (AADFI). This marks a significant improvement from the 82% score in the previous review, showcasing DBN’s steadfast commitment to governance excellence, financial stability and impactful development. AADFI is an umbrella...
Trustco ponders JSE/NSX exit in gear-up for Nasdaq
Trustco Group Holdings Limited’s board of directors is evaluating options to delist from its primary listing on the Johannesburg Stock Exchange (JSE), its secondary listing on the Namibian Stock Exchange (NSX), as well as the OTCQX Market in the United States. “For nearly two decades, Trustco has maintained its listing in southern Africa, serving a...
BoN to launch commemorative Geingob banknote
The new note is meant to be an enduring tribute to the life, legacy and unparalleled contributions of the late former president Hage G. Geingob. In accordance with Section 38 (1) of the Bank of Namibia Act 2020 (Act No. 1 of 2020) as amended, BoN has the exclusive mandate to issue legal tender...
Trade deficit narrows to N$5.5 billion … annual exports surge as monthly figure up by 7.2%
Namibia’s trade sector showed a notable improvement in November 2024, driven by an almost 40% annual increase in exports. As a result, the trade deficit, which is the amount by which a country’s imports exceed the value of its exports, narrowed to N$5.5 billion from N$7.7 billion in October. While this progress is notable, stock...
Criminals threaten customers for passwords – FNB
First National Bank Namibia has noted with regret the rising instances of people being swindled out of their funds while under threat of violence from criminals. The bank issued a statement after local media last week reported a 60-year-old pensioner was robbed of more than N$1 million from her FNB account. “Where such criminal incidents...
Doman, Suren win Windhoek Pedal Power
Michelle Doman and Rodger Suren won the elite women’s and elite men’s races, respectively, in the second edition of the 2025 Nedbank Windhoek Pedal Power Race Series, which took place at Copper Kettle in Windhoek on Sunday. Doman took top honours on the day after a sprint finish as well, ahead of Louise Breed, who...
Letshego Namibia achieves 40% NPS in 2024
Letshego Holdings Namibia has achieved a Net Promoter Score (NPS) of 40% in 2024, significantly surpassing the financial services industry average of 30%. This achievement highlights Letshego’s leadership in customer satisfaction within Namibia’s competitive financial sector. The Net Promoter Score is a globally recognised metric measuring customer advocacy. Letshego’s 40% NPS highlights strong customer advocacy...
Massmart, Walmart embark on first Africa-focused supplier summit
Massmart and Walmart have announced the first Africa-focused supplier growth summit to be held in Johannesburg on 2 April 2025. Participation in this Massmart powered by Walmart Growth Summit is open to prospective suppliers and entrepreneurs from across the African continent, with interest from entrepreneurs based in Ethiopia, Kenya, Nigeria, Ghana, Botswana and Namibia. The...